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EUR/USD: Euro is prepared for high volatility
The pair EUR/USD is traded slightly upward at the Forex currency market on Thursday morning, however activity is low.
By 8.50 MSK the Euro is at 1.2715 against yesterday'sclosing level of 1.2706.
A lot of information, which is important for the market, is scheduled for the release today. Most likely investors will make use of it quite vigorously. Ameeting of European Central Bank will be held today, interest rate is likelyto be kept unchanged this time; however comments of the head of the regulator,Mr Draghi are going to be interesting.
A number of actions of large European countries are planned on Thursday, which will create nervousness in the market-it will be important to track the returns.
In addition, macro-statistics will be alsoworth of paying attention as industrial output in Eurozone and in the U.S. will become known.
Most likely the pair EUR/USD will not gobeyond the range of 1.2680-1.2790 at the trading session on Thursday.